💰 Let’s look at #BTC locally on the 1-hour timeframe.
The key level on this TF is around $103,650. It’s the local support that price has been holding above since June 13.
Price reached this level after a short-term downtrend tied to political headlines. Now, right above that support, a bearish squeeze pattern is forming 🐻—essentially an inverted cup-and-handle.
The most likely outcome is a downside break 📉. Still, everything comes down to the news flow; future moves will depend on incoming headlines.
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What do you think 🤔
